Technical Forecast for Natural Gas
Natural Gas appears directionless as we struggle with the 200 day moving average at 3.682 & Fibonacci resistance at 3.692/701. This area could hold the topside again today with the outlook more negative. However a break above here can run up towards 3.754, perhaps as far as 3.785.
Support at 3.608/606 has hold the downside for the last 2 sessions but a break lower today looks more likely & could target 3.577/574 then this week’s low of 3.546 before June lows at 3.526.
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